GALLARD STEEL LTD IPO Details (GALSTE)

Upcoming IPO 2025 – GMP, Dates, Price Band, Lot Size, Subscription & Review

GALLARD STEEL LTD (Ticker: GALSTE) is gearing up for its upcoming IPO in India. 

The company operates in the steel and alloy manufacturing sector, supplying critical materials to 

infrastructure, automotive, construction, energy, and engineering industries.

 

Below is a comprehensive expert-style breakdown of the IPO details.

1. GALLARD STEEL LTD IPO – Key Details

Parameter	Details
IPO Name	Gallard Steel Ltd
Ticker Symbol	GALSTE
IPO Type	Mainboard
Issue Size	To be announced
Fresh Issue	To be announced
Offer for Sale (OFS)	To be announced
Face Value	₹10 per share
Price Band	Not announced
Lot Size	2000
Lead Managers	Not announced
Registrar	Not announced
Listing Exchange	NSE & BSE

2. Grey Market Premium (GMP)

Gallard Steel IPO GMP (as on 20th November) is ₹40 (while it was at a low of ₹11 on 18th November).

What to expect:

• If industry sentiment is strong → GMP likely to open in the positive range.

• If markets remain volatile → GMP might fluctuate heavily.

3. IPO Timeline (Tentative)

Event	Date
IPO Opens	19 Nov 2025
IPO Closes	21 Nov 2025
Basis of Allotment	To be announced
Refunds Initiated	To be announced
Shares Credited to Demat	To be announced
Listing Date	To be announced

4. GALLARD STEEL LTD – Company Overview

Gallard Steel Ltd operates in the value-added steel segment, focusing on products used across 

infrastructure development and industrial applications. 

The company’s revenue growth, margin stability, and order book strength will be key metrics to 

evaluate once IPO filings (DRHP/RHP) are available.

Potential strengths to highlight (based on steel industry trends):

• Capacity expansion plans

• Improved demand for infrastructure & construction steel

• Strong B2B client base

• Stable profit margins (common for large steel producers)

Risks to consider:

• High raw material dependency (iron ore, coking coal)

• Industry cyclicality

• Price volatility in steel markets

• Competition from domestic and global players

5. Should You Apply? (Expert Overview)

Positives

• Steel demand expected to rise due to infrastructure expansion

• Government’s focus on construction, roads, railways, and energy

• Potentially strong regional market presence

Concerns

• Steel is a cyclical industry

• Raw material price fluctuation risk

• Global steel market volatility can impact margins